The Blockchain Association of Kenya (BAK) held discussions with representatives from the Nigerian High Commission in Kenya, aiming to secure the release of Binance executives currently detained in Nigeria.
Reports from local media indicate that BAK urgently appealed for the release of Nadeem Anjarwalla, a member of both the association and Binance, who is among those detained in Nigeria.
BAK’s plea emphasizes concerns about the executives’ prolonged detention, raising questions regarding human rights, fair treatment, and adherence to due process. The association also highlights potential repercussions on the blockchain sector in the region, noting recent advancements in web3 technologies and policy developments across Africa.
BAK draws attention to Nadeem’s efforts towards responsible governance in Kenya and beyond, urging authorities to ensure his safety and that of his colleague, while advocating for their immediate release.
Nadeem, a Kenyan-British citizen, is currently detained in Nigeria amid Binance’s engagement with Nigerian authorities regarding regulatory issues in the country’s cryptocurrency market.
Nigeria has faced regulatory challenges with cryptocurrency exchanges, accusing them of contributing to the devaluation of the local currency. Binance, in particular, has been at the center of these issues, leading to regulatory actions and service adjustments.
BAK’s efforts reflect broader concerns within the blockchain community regarding regulatory issues and the treatment of industry stakeholders, underscoring the importance of dialogue and adherence to legal frameworks.